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Fed on alert as OpenAI warns of a massive bank-fraud wave

OpenAI's top executive is warning that artificial intelligence is about to supercharge bank fraud at a scale the financial ...
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Bank fraud surges 70% in one year, causing $5.8 billion in losses

The rise in bank fraud has reached unprecedented levels, with a 70% increase in just one year, resulting in $5.8 billion in losses. According to the Federal Trade Commission (FTC), this surge has ...